Agency
A Georgia real estate agent who purchases property listed by their broker without disclosure to the seller is violating:
AOnly zoning laws
BThe duty of loyalty and full disclosure to the seller-client✓ Correct
CRESPA requirements
DThe Georgia Condominium Act
Explanation
When an agent purchases property they represent or have knowledge of through their agency, they must fully disclose their identity as a licensee and their interest in the transaction to avoid breaching the duty of loyalty.
Related Georgia Agency Questions
- Georgia's BRRETA does NOT apply to:
- A Georgia buyer's agent must have a written buyer brokerage agreement BEFORE:
- Under the Georgia Brokerage Relationships in Real Estate Transactions Act (BRRETA), the disclosure of brokerage relationships must be made:
- In Georgia, a broker who represents both the buyer and seller in the same transaction is called a:
- When must a Georgia licensee provide the 'Understanding Brokerage Relationships' brochure or equivalent disclosure?
- Which of the following is an example of an expressed agency relationship?
- Under Georgia BRRETA, the minimum duties owed to ALL parties in a real estate transaction (regardless of representation) include:
- A buyer specifically asks their agent to keep their maximum purchase price confidential. The agent must:
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